We compare various matching estimators with the results from two randomised field experiments that evaluate the employment effects of job search training programmes. We find that commonly used non-experimental matching estimators tend to overestimate the programme effects, especially in the...

In January 2003, the unemployment benefits in Finland were increased for workers with long employment histories. The average benefit increase was 15% for the first 150 days of the unemployment spell. At the same time severance pay system was abolished. In this paper we evaluate the effect of...

Human capital investments increase lifetime income, but may involve substantial risk. In this paper we use a Finnish panel spanning 22years to nonparametrically predict the mean, the variance and the skew of the present value of lifetime income, and to calculate certainty equivalent lifetime...